Patterns of Family Support and the Quality of Life of the Elderly

Social Indicators Research - This study addresses the issue of the quality of life of the Korean elderly in the present day by looking at the relationship between the patterns of support exchange...     

Decomposition of the difference between two rates with hierarchical factors

A decomposition method for the difference between two rates when data are classified by two factors, one of which may be considered as a more direct factor than the other for the event under consideration, is presented in this paper. The two factors are treated as hierarchical and thus this method is conceptually different from the decomposition methods of Kitagawa (1955) and Das Gupta (1978), in which two factors are treated as symmetrical. Our method is shown to be a balanced version of the Cho-Retherford (1973) decomposition method. Analyses of neonatal mortality rates using our method are presented as an example.     

Implementation of JIT purchasing: An integrated approach

This article addresses the necessity of integration between buyer and supplier for effective implementation of the JIT system. An integrated lot-splitting model of facilitating multiple shipments in small lots is developed and compared with the existing approach in a simple JIT environment, single-buyer-single-supplier, under deterministic conditions for a single product. It is shown that the optimal policy adopted by the integrated approach can provide a strong and consistent cost-minimizing effect for both buyer and supplier over the existing approach.     

Stability and dominance in career success orientation in South Korean employees

This study explored whether career orientation is stable and whether predominant types exist by looking at the differences in specific demographic variables (age, years of work experience, employment level, gender, type of job and education level). These were examined through the framework of career success orientation in a Korean wireless communications company. The findings show that career success orientations were not the same by age, length of work experience, and employment level, and dominant career success orientations were based only on education level. The results imply that there are either generation differences or changes in career orientation and that theoretical re-investigation is needed in researching dominant career orientation by gender.     

An integrative framework for global leadership competency: levels and dimensions

As developing excellent global leaders should be an urgent priority of companies in the global business world, there has been considerable research in this area. Despite this, there is limited research on the systematic global leadership competency structure reflecting both on its levels and dimensions and on specific competencies. The purpose of this article is to create a theory-based integrative framework that can be used to identify the competencies comprising global leadership. To accomplish this purpose, an integrative literature review was employed on competency theory and global leadership, resulting in the development of an integrative framework for global leadership competency. The framework, with three levels and four dimensions, established in this article contributes to corporations in providing a means of developing company-specific models of global leadership competency. Also discussed are implications for future human resource development research and theory building.     

LABOR‐MARKET HETEROGENEITY,AGGREGATION, AND POLICY (IN)VARIANCE OF DSGE MODEL PARAMETERS

Data from a heterogeneous‐agents economy with incomplete asset markets and indivisible labor supply are simulated under various fiscal policy regimes and an approximating representative‐agent model is estimated. Preference and technology parameter estimates of the representative‐agent model are not invariant to policy changes and the bias in the representative‐agent model’s policy predictions is large compared to predictive intervals that reflect parameter uncertainty. Since it is not always feasible to account for heterogeneity explicitly, it is important to recognize the possibility that the parameters of a highly aggregated model may not be invariant with respect to policy changes.     

Efficient Competition Through Cheap Talk: The Case of Competing Auctions

We consider a large market where auctioneers with private reservation values compete for bidders by announcing cheap‐talk messages. If auctioneers run efficient first‐price auctions, then there always exists an equilibrium in which each auctioneer truthfully reveals her type. The equilibrium is constrained efficient, assigning more bidders to auctioneers with larger gains from trade. The choice of the trading mechanism is crucial for the result. Most notably, the use of second‐price auctions (equivalently, ex post bidding) leads to the nonexistence of any informative equilibrium. We examine the robustness of our finding in various dimensions, including finite markets and equilibrium selection.     

Optimal Digital Rights Management with Uncertain Piracy

Many firms that sell digital copies of copyrighted materials online face a common dilemma: the use of digital rights management (DRM) to impede pirates can impose restrictions on legitimate use. We introduce a two‐period model in which the use of DRM in the first period affects the probability that a consumer finds a pirated copy in the second period; the threat of legal action reduces consumers’ consumption of pirated copies; and firms choose whether to sell, and at what prices, either strongly or weakly DRM‐protected products, or both. Furthermore, we incorporate the role of uncertainty concerning future levels of piracy. Using a two‐period model with uncertainty, we investigate a firm's optimal DRM strategies and present the optimal pricing strategy as well as product launch strategy under different market conditions. We find that one important characteristic of the optimal strategy is that it is optimal to maintain the same product line configuration strategy for both periods. We also characterize the conditions under which each strategy is optimal.     

Constrained Bayes and empirical Bayes estimation under random effects normal ANOVA model with balanced loss function

The paper develops constrained Bayes and empirical Bayes estimators in the random effects ANOVA model under balanced loss functions. In the balanced normal–normal model, estimators of the Bayes risks of the constrained Bayes and constrained empirical Bayes estimators are provided which are correct asymptotically up to O(m^-1)$\mathrm{O}(m^{-1})$, that is the remainder term is o(m^-1)$\mathrm{o}(m^{-1})$, m$m$ denoting the number of strata.